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New York, New York -September 12: logos for the Chinese NIO electric company are displayed on the trading position of the entrance bell on the New York Stock Exchange (NYSE), September 12, 2018 in New York. Electric vehicles, based in Shanghai, opened for $ 6 for the share. (Photo by Drey Anderer/Getti Image)
Drew Anderra | Getty Images | Gets the image
Monday on Monday, Monday’s shares of Chinese Chinese Chinese Electro producers increased by 14.84%, extending the seventh consecutive income.
The rally goes after the company submitted your last SUV ES8 On August 21, a price for a price of 308,800 yuan ($ 43,000) in terms of a battery subscription, making it one of the most affordable NIO cars.
For comparison, Nio Premium is usually costing from 338,000 yuan and 768,000 yuan.
The NIO subscription plan reduces the costs by allowing customers to change or update batteries through a monthly fee. Deliveries must begin in late September.
The US -listed shares increased by 9.27%to close $ 5.54 on Thursday, after the announcement of the new car and rallied by 14.44%on Friday to end the day at $ 6.34. Meanwhile, his shares in Hong Kong ended on a trading session on Friday 11.12% above.
Nio shares the couples after releasing one of the cheapest EVS if -the it is
Nio ES8 release is on the background of mounting pressure in the Chinese electric vehicle sector.
A company supported by Tencent has historically sent to the high -end market but or He is now facing intensive competition from other companies that deduce vehicles with similar features at lower prices.
Recently Nio launched two cheaper brands – Onvo, which is aimed at the mass market, and Firefly. Which serves young urban buyers – to capture a wider range of customers.
– Victoria eo and Evelyn Chen CNBC contributed to this report
